FONT-SIZE Plus   Neg

Suffolk Bancorp Turns To Profit In Q1

Suffolk Bancorp (SUBK) reported first quarter 2012 net income of $1.2 million, or $0.12 per share, compared to a net loss of $7.6 million, or $0.78 per share, a year ago, due to a $20.0 million reduction in the provision for loan losses.

Net interest income for the quarter declined to $14.21 million from $18.41 million last year. Total other income for the quarter was $2.26 million, compared to $2.22 million in the prior year quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Cement giant LafargeHolcim (HCMLY.PK, HCMLF.PK), formed by the combination of French Lafarge and Swiss peer Holcim, Wednesday said its sales declined for the third quarter as well as nine months. Apparel retailer Guess? Inc. (GES) on Tuesday reported a drop in profit for the third quarter, as revenues declined 12 percent. Earnings for the quarter trumped Wall Street estimates, while revenues were in line with expectations. Guess' third-quarter profit dropped to $12.4 million or $0.15 per share... Shares of Hewlett-Packard Co. (HPQ) slipped a near 6 percent in extended session on Tuesday after the computer and printer maker reported a fourth-quarter profit and revenues that fell short of Wall Street estimates, hurt largely by continued weak demand for PC. It is for the last time HP is releasing...
comments powered by Disqus
Follow RTT